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opposed, but today house speaker john boehner seemed to suggest he was open to wiggle room on the issue of taxes or fresh revenues. on the other hand, democrats are willing to compromise on sacred cows, entitlement reform. let's hear more of what the congressional leaders had to say after the meeting. take a listen. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should share some milestones of success so that confidence can build. >> we have the cornerstones of being able to work something out. we're both going to give up some of the things that we know are a problem. >> we're prepared to put revenue on the table, provided we fix the real problem. >> reporter: tamron, if they can't avoid going over the fiscal cliff, it could mean economic disaster and the economy slips back into recession. i think we have a graphic of what that would specifically look like. the unemployment rate could tick back up to 9.1%, more than 3 million jobs could be lost. it could be a tax hike of $2,000 to middle income families. i spoke with some
't, toure. some complementary things said from an aide close to speaker boehner saying it was a very productive, positive meeting there with the president at the white house. the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up som
to figure out the fiscal cliff. is speaker boehner ready to make a deal anytime soon? >>> plus, major news for big business. the justice department hits bp with the biggest criminal penalty ever assessed on a corporation for the 2010 gulf oil spill. >>> and so much for the ideas that twinkies last forever. bankruptcy breaks a big-time baker. >>> good morning from washington. it's friday, november 16, 2012. this is "the daily rundown." i'm luke russert in for chuck todd who hasn't worked hard enough at all this entire election campaign, he's now going to asia to cover the president's trip. former cia director david petraeus will testify in the benghazi attacks before the senate intelligence committee. he just wrapped up testifying on the house side. petraeus' questioning comes as he now finds himself under investigation by the agency he once led. acting director michael morell has ordered the inspector general to investigate whether he used agency resources including security details, private jets, and special accommodations to facilitate his affair with paula broadwell. officials say the c
of pennsylvania avenue, discussions on the fiscal cliff. nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table provided we fixed the problem. however, we are in the d
an optimistic note about the way forward, as did speaker boehner after the meeting. >> my hope is that this is going to be the beginning of a fruitful process where we're able to come to an agreement that will reduce our deficit in a balanced way. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> nbc's mike viqueira joins us live from the white house. mike, are there any signs, i have to put this to you, that the president may be able to persuade republicans at least to maintain the bush tax cuts on those making less than $250,000 a year? is there any sign that he's going to be able to persuade them on that? >> reporter: well, i think that he would be able to persuade them to extend those tax cuts, but he may not be able to persuade them to decouple them from those making more than $250,000 a year, martin. i don't mean to be flip, but that does remain at the end of the day here after the big root velt room photo-op the main sticking point. it's clear democrats feel they have the upper hand as do democrats h
and speaker boehner agrees to a rate hike, not just limiting deductions and that sort of thing, what would you think? >>guest: i don't think he will agree to a rate hike. what you are looking at is closing loopholes and limiting deductions and getting revenue from growth combined with entitlement reform and better spending control. >>neil: if it is a rate hike you would not be for that because the president argued earlier this week he doesn't think the numbers are there to get as much from closing loopholes, allowances and the rest than a simple hike in the rate? >>guest: the reality is to get revenue, you need economic growth and by raising rates you hurt economic growth by closing loopholes limiting deductions you make sure that wealthy people pay their fair share. >>neil: you can get a like amount of money from that, senator, than just raising the rate itself? >>guest: that is the real chance to get revenue because you have the kind of tax reform that will stimulate economic growth. if our economy doesn't grow you will not have more revenue even if you raise rates. that combined with spendi
of those things need to be in play. when john boehner talks about raising revenue he's willing to do that if it only comes in the form of tax reform, not raising tax rates, but actually lore erring tax rates, closing loopholes, broadening the base and you will get more money coming into the treasury. the other part of the equation that is so important which has not been part of the public conversation is cutting spending, not just slowing the rate of growth but actually cutting spending to try to get this deficit under control. i know the republicans don't control the narrative on this but i want to hear more from them on that side of the equation. jon: julie our nodding your head you must agree. >> i think both sides need to come to the table. enough already with these sort of, you know, showmanship, game man ship, these are people's lives that are at stake in this economy. monica is right in that the president does control the upper hand at this point. if nothing is done all the bush tax rates will expire. you have exit polling coming out of the recent election saying two-thirds of
. rich: they are not offering very many specifics this early on. we do have a ways to go. john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each other. this is not something we will wait until the last day of december to get it done. rich: they met for a little longer than an hour here at the white house. much of the talk was positive. there really is not anything close to specifics right now coming from anyone in all of this. here he read and nancy pelosi really did not mention entitlement at all. rich o'connell highlighted the fact that his conference in the senate believes that this country does not have a taxing problem, it has a spending problem. there are still
, the president took a moment to wish house speaker john boehner a happy birthday. he turned 63 tomorrow. the president congratulated boehner and joked that the white house staff didn't get them a cake because they didn't know how many candles they might need. the president gave boehner a bottle of italian wine as a birthday gift. at least they're talking. >> yes. >> for a birthday, you can talk. >> nice sunshine out there today. >> yeah, we needed to see that sunshine. i think we're going to see a similar day tomorrow. if you liked today, you're going to see another one tomorrow. that comes on an all-important weekend. look outside right now. what you're seeing out there is a pretty nice night. yes, it's on the cool side. you'll need the jacket as you step outside, but other than that, not bad at all. you can deal with the chill. it's going to be a nice evening. 47 degrees the current temperature at the airport. winds out of the north about 7 miles per hour. that breeze, we'll call it a breeze instead of a wind, but that breeze will make things feel a little bit cooler. 37 down towards
boehner is even interested in? >> i think it is probably something that he might consider. this is how negotiations work. congressional "fight club." they stake out their positions and sort of move closer together as they come together and actually meet and discuss this. there are couple options what they can do on the table. president signaled perhaps it doesn't have to be all about getting rates to clinton era levels. perhaps getting revenue from other places. i think that would be healthier, broader tax reform kind of deal made. i'm not sure whether they're all savvy enough to make that deal. i mean. martha: seems to me that is the major issue here. that is what john boehner was hinting at. he is suggesting that if you remove some of the loopholes that is a tax increase on the wealthy in this country. i feel like that is a message that has gotten across in perhaps a clear enough way. if you do same thing for u.s. corporations and roof move tax loopholes and don't end up in a situation where ge doesn't pay anything and small business pays through the nose. why isn't that kind of refo
john boehner and house minority leader nancy pelosi will be there and others at any moment to talk about the fiscal cliff. the president spoke to labor leaders and business executives earlier in the week. it's a busy day in washington, d.c. we'll have more on all of this we'll have more on all of this coming up. diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guid
a series of tax cuts expire and spending cuts kick in. john boehner said he outlined a framework that is consistent with the president's call for a balanced approach of both higher revenue and spending cuts. >> our challenge is to make sure that you know we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business. >> while we are going to continue to have revenue on the table it is incumbent for my colleagues to show the american people we are serious about cutting spending and solving our fiscal dilemma, i believe we can do this and avert the fiscal cliff that is right in front of us today. >> the president began the meeting on a chordal note, wishing speaker boehner, shaking his hand, a happy birthday. >>> an oil rig exploded in the gulf of mexico 25 southeast of grand isle, louisiana. two crew members are missing and four injured. the fire that followed the explosion has been extinguished. the rigbylongs to black elk energy, an independent oil and gas company headquartered in houston.
by significant spending cuts. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accom
's about to happen in this building in an hour from now. speaker boehner, senator mcconnell, senator reid, democratic leader pelosi, all will come here and speak for a couple hours. day one of negotiations. nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that we've heard so much about all week long is that for real or are talks going to break down in early stages? the market specifically is going to depend on that tone today and we'll bring that live when the meeting happens a little after 10:00 a.m. >> we've seen reaction of futures to the possibility of a deal. we've been down for six of the past seven days but the dow this morning implied open is up 33 points. sapp looks s&p looks to add fiv. here we have italy down three-quarter percent and mixed bag for the rest. carl? okay. we're going to go to the road map this morning. that is where carl is in washington d.c. reports this morning that hard decisions surrounding deficit reduction could be kicked down the road until 2013 in favor of a s
. >> is that the big onus on john boehner? >> i think it is the onus on all of the negotiators. it's all of them at this point. because that's where the spotlight is. yeah. it's going to be quite a task. we saw that when this happened the last time. it's going to come right up to the line. i think we might be here late december. >> the drama will take us through the end of the year. our power panel, jackie kucinich, blake, robert, thanks to all three of you. >>> up next i'll talk with someone who was in this morning's closed door hearing with general petraeus, republican congressman tom rooney will join the show. what do you think about today's testimony? tweet me your comments at thomas a. roberts. we're back after this. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunc
tomorrow is speaker john boehner's birthday. for those of you who want to wish him a happy birthday, we will not embarrass him with a cake because they did not know how many candles were needed. >> right, right. >> but we did want to wish him a happy birthday. stuart: that is the photo op basically be fo before the hard bargaining begins. i did pick up it was john boehner next to the president and the president went out of his way to say we want a balanced approach. that means tax the rich. >> taxes go up, increasing revenue, which we already have no word on entitlement spending. no time like the present. the dollar now down 26. know in part on the from that. >> not raising taxes, and the second element of this which has not been part of the public conversation is cutting spending. we don't have a revenue problem, have a spending problem, no issue with cutting spending. stuart: i said taxes on the rich will go up. are you going to disagree with me? >> depends on what you mean of taxes going up. i don't think republicans are going for that, don't. stuart: whether they are forced into it?
of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
john boehner has shown interest in the plan which would raise more tax revenue without raising rates. >> it's clear that there are a lot of special interest loopholes in the tax code, both corporate and personal. >>reporter: democrats and republicans say they will reach an agreement, but a new poll shows many americans are skeptical. 51% of those surveyed believe a deal will not get done. tara mergener for cbs news, capitol hill. >>> it appears that the makers of twinkies and hohos couldn't avoid their fiscal cliff. hostess brand says a national bakers' strike has crippled their operations at 33 plants. so more than 18,000 workers will lose their jobs. the company warned employees that it would sell off its assets if workers did not return to work by last night. the company will sell off its twinkies and wonder bread brands. >>> still to come when 9 news now continues, we're going to talk live to dr. phil. we're going to talk about his new book and what's coming up on his show today. you can watch it right here beginning at 4:00 p.m. >>> but, first, a lot of people got ill from f
. house speaker john boehner said, quote, i believe that we can do this. the top democrat nancy pelosi said she's confident a solution might be in sight. the lawmakers need to reach a deal with the president to avert a series of tax increases and spending cuts. they're scheduled to take affect january 1st. >>> coming up next on the news edge six, the much anticipated beltway express lanes hour,as -- hours away from opening. what you need to know. sue. >> and the weekend about to get started around d.c. lots of sunshine today and still running a little below average. we're trying to make a couple of sweeps to the weekend forecast. i will follow you in on that in a few minutes. lindsay, what is going in sports. >> below average doesn't work in sports. d.c. unite side a must-win and the wizards must win and redskins will get helping hands back this weekend. later in sports as the news edge at 6 continues.  . >>> drivers will get the new test drive starting tomorrow. the five-year construction project adds four new lanes from the beltway to springfield and north of the dulles to
'll feed the needy. doge dart. >> doge: new rules. >> eliot: house speaker john boehner may not want to raise marginal tax rates on the wealthiest americans but he would probably be surprised to hear the view of one subset of the so-called 1%. they gave us our number of the day. 220. that's how many folks make up the patriotic millionaires. 2-year-old group that's asking for higher tax rates on the rich. on themselves. these are certifiably rich people including game publisher carlston and the founder of the men's wearhouse george zipper. about a dozen of them visited washington, d.c. yesterday to advocate reasonable policies such as a clinton era top tax rate of 39.6%. considering the escalation we've seen on the incomes of the top 1%, they want a new tax bracket for anyone making more than $10 million a year. yes, these patriotic millionaires would like their own tax rates to go up. you have to be nuts to actually want to pay more in taxes? no. not nuts. in fact, you don't even have to do it as a matter of fai
connell, who's the senate minority leader, he's taking a tougher stand than even boehner. let's listen to both of those positions. >> let's be clear. an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson/bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and senate. it's twice as much as the white house agreed to last summer during the debt ceiling talks, and looked at in the context of the spending cuts yet to be implemented, it amounts to about 20 cents in cuts for every new dollar in tax hikes. in other words, no cuts at all. it's a joke. a joke. >> we right away say 98% of americans are not going to see their taxes go up. 97% of small businesses are not going to see their taxes go up. if we get that in place, we are actually removing half of the fiscal cliff. half of the danger to our economy is removed by that single step. >> okay. so is it a joke, or as the democrats would say, the math isn't adding up? let's look at the issue of deficit reduction. the democrats say the -- let's say if you cut loopholes
the house speaker john boehner, the president, you can see him sitting there. let's listen to the president. thank them for their time and i think we're all aware that we have some urgent business to do. we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they want to see that we are focused on them and not focused on our politics. my hope is this is a fruitful process where we will come to agreement that will reduce our deficit in a balanced way. i want to thank the leadership for coming and with that wool get to work. thank you very much, everybody. wait, wait, excuse me, there is actually one other point that i wanted to make. that is that my understanding
there to some degree was house speaker john boehner. ms. mcconnell digging his heels at democrats in the senate digging their heels and the president appears to be doing the same as well, as we will have to see what happens. dagen: what has been the reaction the corporate bond market? this thread has gotten wider, but is that because the yield on the 10-year is falling? >> we have seen some selling take place, corporate are linked to equities to some degree, we've all seen the trade-off they place in equities. there have been several new issues come into the marketplace over the last several days. if you look at a couple of weeks ago they were substantially oversubscribed. if you look at one place where the market has benefited from all of this comic has been muniz. units have reached all-time record lows. a lot of demand take place, certainly all this discussion about tax increases have gotten people worried. also another impact as well, a series of ballot measures that took place last election day, and the ones that were passed were generally bond market friendly. for example in california th
want to take you back to the live camera positions. this is outside of the white house and john boehner taking the microphone and let's listen in. >> by significant spending cuts. and while we're going to continue to have revenue on the table, it is going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. i believe that we can do this and avert the fiscal cliff that right in front of us today. >> this isn't the first time we have dealt with these issues. we feel we understand what the problem is. we felt very -- i feel very good about what we were able to talk about in there. we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. and so it is like when we arrive at a point where we all know something has to be done, there is no more let's do it some other time or we're going to do it now and i think there is we feel very comfortable with each other and this isn't something we're going to wait until the last day of de
points. >> yes, i ran fast, mandy. earlier today, john boehner, the speaker of the house, spoke. the markets spiked. as you hear this sound bite, we're going to show you the dow intraday, what it did, and where you see the spike. it's a spike of more than 100 points. that's when speaker boehner spoke. listen to this. >> i believe that we can do this and avert the fiscal cliff that's right in front of us today. >> is this really what led to today's midday turn around, or was it something else? let's talk about that. quincy crosby joins us. mark spellman and kevin carone. quincy, is it that simple? they came out, they used the word constructive, framework, corner stone, all those positive words, and the market took off. >> absolutely. i was watching the body language when they finished up. they walked together. they didn't separate. the market kept making gains. it was that immediate. >> mark, do you agree? >> yeah, i think it was important. we've been looking for good news. the fact that everyone's heels aren't dug in quite as badly, it's good news and what otherwise has been a b
standing next to john boehner? >> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a president right now who believes he's got some leverage. he got re-elected. and these are republicans who are trying to figure out just who they are andy ds sun the president's press conference earlier this week, he's somebody who studied the flaws of a e d i make some progress without overreaching. it's very clear they're worried at the white house about doing some overreach here. if he can get a fiscal deal done, that will be very, very important for his legacy in the long-term. and he knows it. >> are the republicans operating from the same game plan? >> no. i think they're not. i mean,
six weeks to fix it before it happens. they worked to come up with a deal. house speaker john boehner says he thinks they will have a solution before the end of the year. >>> and there are new details about the woman, jill kelley, at the center of the scandal that brought down general petraeus. jill kelley's connections went beyond the social elite and tampa, all the way to the white house. >> reporter: their families toured the white house on november 4th, two days before general james clapper, the director of national intelligence was even told about the petraeus scandal. jill kelley mentioned the visit in an e-mail, saying i was at the white house with my friends in the administration this weekend. the stress was surreal. white house officials say the jill kelley sisters were invited by a staffer who may have met at the air force base. jill kelley was bipartisan in her out reach, she and her sister dropped in on a fundraiser for marco rubio two years ago, they did not pay, sources said, just arrived and soon left. in an e-mail last march, jill kelley said she was trying to stop a l
business three. a roller coaster day on wall street. stocks bounced off session lows after john boehner said he had constructive talks with president obama on averting the fiscal cliff of spending cuts and tax hikes. right now, the dow jones is up 43 points. modest gains across the board. meanwhile, shares of penn national are jumping. they also plan to transform into the first gambling real estate investment trust. they plan to go with a tax-free dividend. and all consumers want for christmas is a tablet. the tablet tops this year holidays wish list for adults. consumers are expected to spend an average of 252 bucks on electronics this year. just $6 more than a year ago. now we continue our countdown to the closing bell that liz claman. liz: here is something interesting. today we saw the first ipos in the election. how did it do? let's find out from the coal. reporter: is actually the mascot of the company that we are talking about. i don't think it has anything to do these cute, black labradors. the pricing of the stock was 13 to 15. actually priced at $15. take a look at where it is
handshake and some backslapping between president obama and speaker boehner. are we about to see a breakthrough? and the big interview on the big question. who changed the cia's talking points on the benghazi terror attacks? our exclusive interview with peking coming ahead. and residents in israel running for their lives as rockets rained down from gaza and elsewhere. we are live next megyn: we are getting more video from israeli news services showing men, women and children taking shelter as hamas continues a series of rocket attacks. welcome, i'm megyn kelly. we have breaking news. we received reports that israel is taking steps to mobilize potentially 75,000 reserve troops for a possible ground invasion of gaza. palestinian militants ramping up their assault, launching rockets against israel's busiest cities including tel aviv and for the first time in decades, targeting jerusalem. air raid sirens warned of imminent danger. israel payed to strike -- poised to strike back in a big way and ready to invade if the order is given. lelan vittert is live on the border. >> reporter: a
? there are several hundred republicans and then after that awkward moment passed, they voted for boehner. he won overwhelmingly and got a standing ovation. louis, get in there. get in the middle of the ring you dumb ass. that's tyt elbow of the day on louis gohmert for not requesting that a guy who is not in congress might not be the best choice for speaker of the house. what an unbelievable doofus. that's the show for tonight. we'll see you tomorrow.
from john boehner and -- >> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can do enough in loopholes and exclusions to get the money that we need for a deal from that group. but he also said i'm open to new ideas. so if there is in fact an effort to close some loopholes that gets you some of the way there, you can certainly see the president, i could anyway, compromising somewhere between 35 and 39.6 on a slightly higher rate. if shall be caomebody came up w source of revenue which didn't change the distribution of the tax burden, figure out a way to do it without a top rate. i kind of expect what's going to happen is loophole closing and you end up at like 37 ors
be a negotiating ploy by speaker boehner and the republicans to says look, we have been very reasonable, we put revenues on the table right from the start. if this falls apart it is all on the democrats. that is not a bad negotiating point. it is way too soon-to-be optimistic. ultimately they will avoid the cliff but we do not have good reason today to believe it will happen soon. >>trace: good to see you. chris anchors fox news sunday this week and will talk of the ongoing investigation into the attack in libya with vice chairman of the senate intelligence committee and chairman of the senate homeland committee joe lieberman and the future of the g.o.p. with louisiana governor jindal and wisconsin governor caught walker this weekend on "fox news sunday." now, one of the areas that super storm sandy devastated and police in new york say they are concerned that looting could become a big problem. rick got to fly with cops who are taking measure to keep folks from becoming victims for a second time. he joins us live with the details from queens. how big of a problem is this? rick: it could be wor
interest and openness to putting in place a deal, both from president obama and leader boehner, and a number of members of congress. >> an aide to senator majority leader harry reid told fox news, the democrats are open to various tax loopholes only if the republicans agree first to raise taxes on those making $250,000 or higher. sound familiar, chris. >> does a bit. thanks from the white house. president obama won reelection on a promise to raise taxes on high earners as a plan to raise our massive debt. republicans say they agree with the goal, but want to do it a different way than the president. jim angle tonight on their alternative. >> president obama wants to take money from wealthy taxpayers, republicans say they're willing to raise revenues, but not tax rates. and that leaves ample middle ground that could satisfy both, putting a cap on the amount of deductions any one person could claim, such as $50,000. >> that means the maximum number of deductions you can take is $50,000, you can take it for anything you want, but you can't take more than 50,000. >> the tax policy
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